DeZURIK to Acquire APCO Willamette

3/15/2011

DeZURIK, Inc. Sartell, Minnesota, has reached a definitive agreement to acquire APCO Willamette, a leading producer of check valves, air valves and AWWA ball valves effective March 31, 2011. The addition of APCO products and operations to those of DeZURIK creates one of the broadest engineered valve companies in the industry.

Under terms of the asset purchase agreement, DeZURIK will acquire all APCO products and production capability. APCO operations will continue in their present facilities which include a manufacturing plant in Schaumburg, Illinois and a sales office in San Clemente, California. The APCO and Willamette names, both well respected in the marketplace, will be retained as brands of DeZURIK, Inc. Consolidated business operations will be directed from DeZURIK corporate headquarters in Sartell, Minnesota.

The APCO acquisition represents a major strategic expansion of DeZURIK capability in serving the water markets by adding APCO valve products and extensive market experience to the DeZURIK line of plug, butterfly and knife gate valves. APCO products will further complement broad DeZURIK capability on industrial applications in the energy, process and commercial markets. Both DeZURIK and APCO have extensive international experience offering the opportunity for expanded global market participation.

With a company history dating back more than 100 years, APCO has pioneered valve and hydraulics technology in the control of critical pumping and piping systems. APCO products complement the DeZURIK valve line on shutoff and flow control applications where the two product lines are commonly used together in water treatment plants, in piping systems and in industrial plants to assure efficiency and reliable process operation.

The acquisition is targeted to provide improved economy on the DeZURIK and APCO product range through the combining of technology and resources in the manufacturing, engineering and service capability of both companies. Consolidated operating strategies are expected to improve efficiency in product manufacturing and sourcing in order to maintain a competitive and customer directed business philosophy that has characterized both APCO and DeZURIK operations throughout their history. The synergy created by the complementary nature of DeZURIK and APCO products and operations provides further strategic growth opportunity through joint product and business development programs.

More information about the company is available from DeZURIK, Inc.; 250 Riverside Avenue North, Sartell, MN 56377, Phone 320-259-2000, www.dezurik.com.